Global ad industry set to grow 8.4 per cent despite Chinese slowdown and inflationary sting June 13, 2022 The global advertising industry is expected to grow 8.4 per cent this year, as global markets continue to make a slow comeback.
Google engineer put on paid leave after outing AI chatbot as ‘sentient’ June 13, 2022 Google has placed a senior engineer on “paid administrative leave” after he made comments about the company's chatbot being “sentient”.
Red Light, Green Light: Shares fly for studio behind Squid Game as Netflix announces its comeback June 13, 2022 Shares in the studio behind Netflix's mega-hit Squid Game were up nearly 30 per cent today after the streaming giant revealed the show would come back for a second season.
OnlyFans: The ‘UK success story’ and online safety pioneer June 13, 2022 OnlyFans has a tendency to make headlines – and sometimes for the wrong reasons. Founded in the UK in 2016, the company has experienced momentous growth in the depths of lockdown, shifting from 17m fans to over 100m in 2020. In 2022, the platform boasts 200m fans, with over two million creators serving up content. [...]
Next Fifteen sticks with final offer for M&C Saatchi takeover as battle lingers on June 9, 2022 M&C Saatchi's fate is now in the hands of its shareholders after Next Fifteen confirmed its final acquisition offer of 247.2p per M&C share.
Netflix or Spotify: Investors shouldn’t tar streamers with the same brush says US investment bank June 9, 2022 Investment bank Raymond James said music streaming is in a better position than video streaming, urging investors not to dump streaming shares too quickly. It comes after Netflix continues to ride out a rocky few months, with shares down 66 per cent in the year to date thanks to dwindling subscribers and a downbeat outlook [...]
Apple goes solo for buy-now pay-later snubbing Goldman June 9, 2022 Apple has snubbed banking partners Goldman Sachs for its new buy-now pay-later offering, instead opting for its own in-house team to manage the service.
Michael Owen gets a red card from UK advertising watchdog over crypto tweets June 9, 2022 Michael Owen broke the law after promoting an unlicensed cryptocurrency casino to the public on Twitter earlier this year.
CMC Markets struggles to keep up with pandemic buzz as profits shrink June 9, 2022 Online trading service CMC Markets said operating income hit £282m, a 31 per cent decline from 2021, as the firm grapples with a decline in pandemic-related market activity. Profit before tax also fell by 59 per cent to £92m, compared to the pandemic boom in 2020 of £224m. Active traders on CMC also dropped from 76,591 [...]
British American Tobacco narrows losses for cigarette alternatives as it invests £1bn in vapes and reduced risk products June 9, 2022 Vogue cigarette maker British American Tobacco reported slow revenue growth this morning, up two per cent.
